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Ryanair Under Investigation in Hungary for Passing on Extra-Profit Tax to Passengers

Ryanair Under Investigation in Hungary for Passing on Extra-Profit Tax to Passengers

The government condemns low-cost airline Ryanair’s “unfair ticket pricing”, the ministry of economic development said on Friday. Márton Nagy, the minister, has launched an investigation with a view to protecting consumers.
Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Opposition parties have slammed the Hungarian draft budget submitted on Tuesday as “an austerity budget”. Jobbik deputy leader Dániel Z. Kárpát said the budget contained austerity measures to the tune of 2,000 billion forints (EUR 5.1bn), “including indirect effects”.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
Economy Expands by 8.2% in Hungary

Economy Expands by 8.2% in Hungary

Hungary’s GDP grew by an annual 8.2% in the first quarter, the Central Statistical Office (KSH) said in a second reading of data. Adjusted for seasonal and calendar-year effects, first-quarter GDP rose by 8% year on year. Quarter on quarter, adjusted GDP grew by 2.1%.
Orbán Meets Le Pen: 'Europeans Must Be Protected'

Orbán Meets Le Pen: 'Europeans Must Be Protected'

Viktor Orbán met Marine Le Pen in Paris on Friday to discuss threats Europe faces such as the war in Ukraine and its economic fallout, according to a statement by the Prime Minister’s press chief.
Opposition Parties Comment on Windfall Taxes in Hungary

Opposition Parties Comment on Windfall Taxes in Hungary

Parties of the opposition have criticised the government for its Wednesday decision to make certain large companies pay a part of their extra profits to a new public utility cut fund and a defence fund.
New Windfall Tax on

New Windfall Tax on "Extra Profits" Announced in Hungary

Hungary's government will require banks, insurers, retail chains, energy companies, telcos and airlines to contribute their "extra profits" to a utilities fund and a defence fund for a period of two years, Prime Minister Viktor Orbán said in a video message on Facebook on Wednesday.
New State of Emergency Declared in Hungary Due to War in Ukraine

New State of Emergency Declared in Hungary Due to War in Ukraine

  • 25 May 2022 10:44 AM
  • current affairs
The government is declaring a state of emergency in view of the armed conflict in a neighbouring country, starting from midnight on Tuesday, Prime Minister Viktor Orbán said in a video posted on Facebook.
Responsible, 'Feisty' Government Needed, Members Presented by Orbán

Responsible, 'Feisty' Government Needed, Members Presented by Orbán

Prime Minister Viktor Orbán’s fifth government was formed as its fourteen ministers took their oaths of office in parliament on Tuesday.
Ryanair Under Investigation in Hungary for Passing on Extra-Profit Tax to Passengers

Ryanair Under Investigation in Hungary for Passing on Extra-Profit Tax to Passengers

The government condemns low-cost airline Ryanair’s “unfair ticket pricing”, the ministry of economic development said on Friday. Márton Nagy, the minister, has launched an investigation with a view to protecting consumers.
Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Opposition parties have slammed the Hungarian draft budget submitted on Tuesday as “an austerity budget”. Jobbik deputy leader Dániel Z. Kárpát said the budget contained austerity measures to the tune of 2,000 billion forints (EUR 5.1bn), “including indirect effects”.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
Economy Expands by 8.2% in Hungary

Economy Expands by 8.2% in Hungary

Hungary’s GDP grew by an annual 8.2% in the first quarter, the Central Statistical Office (KSH) said in a second reading of data. Adjusted for seasonal and calendar-year effects, first-quarter GDP rose by 8% year on year. Quarter on quarter, adjusted GDP grew by 2.1%.
Orbán Meets Le Pen: 'Europeans Must Be Protected'

Orbán Meets Le Pen: 'Europeans Must Be Protected'

Viktor Orbán met Marine Le Pen in Paris on Friday to discuss threats Europe faces such as the war in Ukraine and its economic fallout, according to a statement by the Prime Minister’s press chief.
Opposition Parties Comment on Windfall Taxes in Hungary

Opposition Parties Comment on Windfall Taxes in Hungary

Parties of the opposition have criticised the government for its Wednesday decision to make certain large companies pay a part of their extra profits to a new public utility cut fund and a defence fund.
New Windfall Tax on

New Windfall Tax on "Extra Profits" Announced in Hungary

Hungary's government will require banks, insurers, retail chains, energy companies, telcos and airlines to contribute their "extra profits" to a utilities fund and a defence fund for a period of two years, Prime Minister Viktor Orbán said in a video message on Facebook on Wednesday.
New State of Emergency Declared in Hungary Due to War in Ukraine

New State of Emergency Declared in Hungary Due to War in Ukraine

  • 25 May 2022 10:44 AM
  • current affairs
The government is declaring a state of emergency in view of the armed conflict in a neighbouring country, starting from midnight on Tuesday, Prime Minister Viktor Orbán said in a video posted on Facebook.
Responsible, 'Feisty' Government Needed, Members Presented by Orbán

Responsible, 'Feisty' Government Needed, Members Presented by Orbán

Prime Minister Viktor Orbán’s fifth government was formed as its fourteen ministers took their oaths of office in parliament on Tuesday.